Clear Bank™

A comprehensive view of a consumer's banking behavior, account status, bank risk status, and possible associated accounts relating to a submitted drivers license or bank account number.

What is Clear Bank™?

Clarity's Clear Bank™ offers a comprehensive evaluation of your applicant's banking history. It can be used as a powerful substitute or enhancement to credit bureau trade line data. Clear Bank™ reports all of your applicant's known bank history and supplements it with bank status information, ACH transaction data, and bank closure determinations.

Clear Bank™ Features

• Provides the cumulative frequency of account status changes over time, such as openings, closings, closings for cause, and more.
• Bank Account Loan History that details the number of approved and denied applications, including overdraft occurrences for the applicant’s Primary and Secondary bank accounts
• Descriptive reason codes that provide further detail into an applicant’s bank history.